Wednesday, January 20, 2021

Monthly Archives: February, 2018

Big State-owned Banks Raise Home Loan Rates Again in Guangzhou

State-run lenders in the Guangdong province capital of Guangzhou have once again raised interest rates for home loans, in a sign that the government...

China Opens its First Online Exchange for Distressed Debt

China's biggest asset management company has just launched the country's first online platform that provides for the trading of distressed debt assets, as Beijing...

US Shares in China’s Tech Giants Could Soon Be Available to Domestic Investors

China's domestic investors may soon have the opportunity to invest in the US-listed shares of the country's tech giants via the Shanghai and Shenzhen...

19 Banks in Northern China Fined for $3-Billion Pledged Loan Fraud

A total of 19 lenders from the northern Chinese provinces of Henan and Shaanxi have been hit with fines worth 52.5 million yuan (USD$8.36...

Real Estate Bond Repayments on Track to Hit Record High in 2018

A new report from Haitong Securities warns that an unprecedented volume of Chinese real estate sector debt is set to mature in 2018 and...

Growth in Assets of Chinese Banks Decelerates in 2017

Growth in the assets and debts of Chinese banks posted a modest deceleration in 2017. The domestic assets of China's banking sector financial institutions reached...

Xi Jinping Stresses Scientific Innovation and China’s Need for a “Modern Economic System”

President Xi Jinping said that the creation of a "modernised economic system is the strategic aim for China's development," as well as stressed the...

China Will Optimise Conditions of Entry for Overseas Firms: Li Keqiang

Premier Li Keqiang says that China will continue to grease the skids for foreign companies hoping to gain access to the domestic market. During a...

Central Disciplinary Commission Warns of “Hidden Dangers” in Chinese Finance

China's Central Commission for Discipline Inspection (CCDI) has warned of the presence of major "hidden dangers" in the country's financial sector, including collusion between...

Central Bank Refrains from OMO for Sixth Straight Day

The People's Bank of China refrained from conducting open market operations for the sixth consecutive trading day on Thursday, 1 February. PBOC's open market operations...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...